CGC Trade on Nov 19, 2019 10:19 from Marius: Tradervue User Stock Trades.

Markets still grinding at ATH's. Companies are continuing to report on earnings. A majority of the MJ space has reported and the sector has been watched due to the overall longer-term declining price trend. HMMJ and MJ weighted sector ETFs have been showing some mean reversion signs after making another move lower on technicals a week prior on major earnings.

Buying volume was notable in the AM session. Sentiment seems to have been extended to the downside as well here so there is some interest in the contrarian standpoint of things. News on call volume on CRON has been seen. I personally did see a few experienced traders put on long positions in this space this morning as well. Noting if this is a type of trade I can develop.

There was notable news mid day of Altria increasing stake in CRON which spiked the price notably. Still holding full position and re-evaluating due to overall plan. Looking for reasons to sell. Bullish order flow in the order books noticed. RVOL is now more significant and will make more in play tomorrow.

Targets set for pre-market and AM session tomorrow. Will see how we trade into the open. If buyers stay notably in control will hold the position. If sellers take control will exit with a small profit to break even.

In older trading habits I'd be out of the position already realizing the already notable profit but I reminded myself that I'm developing my trading strategy to improve as a trader. Seeing another experienced 7 figure trader hold his position had me think back for a moment and see the bigger picture and possibly larger trade on the line. As soon as the news hit the wire I hypothesized that this would be a more meaningful move. I'll be assuming I'm wrong and have that exit strategy in place. Either way I'm learning and developing my trading career.

My reason to sell here is that the position had more drawdown risk with the extended hours light volume and move. It is now forming a range and a break will determine direction which I can actively trade. It is approaching gap fill area and would like to see how the market prices out at the open. There has be an upgrade by a bank as well.

RVOL - 2.53
AVOL - 5.63M
ATR - 1.28
Short Float - 18.19%
Inst Own -
Shs Float - 217.81M